Dallas Landry

LC Real Estate Group is pleased to present the opportunity to purchase The Magnolia, a six unit apartment building in Greeley, Colorado.​ The apartments are conveniently located within minutes from Downtown Greeley and the University of Northern Colorado with easy access to the rest of Greeley one block from 8th Avenue/State Highway 85 Business Route.​   ​ Six-unit apartment building with desirable unit mix:  Two 2 Bedroom, 1 Bathroom and Four 3 Bedroom, 1 Bathroom Units ​ The property was renovated in 2019 including updated facade, landscaping, and interior updates ​ Great unit amenities include: Individually forced air heating, individual hot water heater, balconies/covered patios, common area laundry room, secured entry/access, and second living area in 2 bedroom units   ​ Leasing upside with current in-place rent of $1.46/SF with survey 2 Bed / 1 Bath units at $1.50/SF and 3 Bed / 1 Bath units at $1.61/SF  ​ Low current in-place price per bedroom of $382/bed  ​ Low-maintenance finishes and landscaping allow for low ongoing operating costs  ​ Additional income opportunity to add coin-operated laundry to the existing laundry room not currently being utilized ​ Opportunity to bill back a monthly trash fee and/or pet rent to future tenants  ​ Opportunity to increase rents by fencing in and amenitizing backyard/back of lot

1170-1172 E 5th St #1170-1172 is in Loveland, CO and in ZIP code 80537.

With business partner Jonathan Keiler, Rike and Jonathan began their real estate careers in 1993, creating a long-term professional partnership that quickly rose to be one of the top dollar producing real estate teams in the Denver metro area. The forefront of their business has always been to offer top notch service to their clients whether buying or selling their first home, or whether their clients were experienced buyers and sellers.
 
Rike and Jonathan's market knowledge and marketing expertise has always helped their sellers achieve top dollar for their homes and their keen negotiating skills have helped their buyers get the best possible value when purchasing. Rike and Jonathan are experienced in selling all types of residential properties from single family homes to condos and townhomes and investment properties and multi-unit properties.

Dallas Landry

About Dallas Landry

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Recent property sales & transaction history

2 properties

Greeley

Family Home

$550,000 to $700,000

2,400 ft² to 3,600 ft²

Properties for sale by listing agent Dallas Landry

$785,000

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